Physical Intelligence in talks to raise funding at $20B valuation
10/28/2026 — 10/28, 05:17·2 sources (all)·2 reports (all)
Key takeaways
- Bloomberg reports that Physical Intelligence, a developer of robot AI software, is in talks for a new funding round at about a $20 billion v…
Background & analysis
According to a Bloomberg report on October 28, 2026, citing people familiar with the matter, Physical Intelligence, a startup developing AI software to power robots for real-world tasks, is in funding talks that would lift its valuation to roughly $20 billion, nearly doubling it. The company is discussing raising at least $1 billion in the round, and existing backers Avenir and Lux Capital are in talks to lead it, the people said. As of the report, the round remained in negotiation, with no official confirmation or public information on a final close.
AI-generated from 1 reports · updated 2 hours ago
Latest turnPhysical Intelligence, a startup building AI software for real-world robots, is in talks to raise more than $1B in a round led by Avenir and Lux Capital at a valuation of roughly $20B, Bloomberg reported, up from $11.5B earlier this year. The deal has not been finalized.
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Physical Intelligence, a startup building AI software for real-world robots, is in talks to raise more than $1B in a round led by Avenir and Lux Capital at a valuation of roughly $20B, Bloomberg reported, up from $11.5B earlier this year. The deal has not been finalized.
TechmemeAI score 61Physical Intelligence, a startup building AI software for real-world robots, is in funding talks that would nearly double its valuation to roughly $20 billion, Bloomberg reports, citing people familiar with the matter. The company is discussing raising at least $1 billion, with existing backers Avenir and Lux Capital in talks to lead.
Bloomberg TechnologyAI score 61
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